JPMorgan Treasury Services announced new product developments in trade and risk management at the Sibos banking and payments conference. Trade Information Exchange (TIE), the bank’s e-enabled trade finance product, is now available to financial institutions. TIE is a browser-based capability that delivers ‘an expedient, flexible and cost-efficient solution’ for managing trade information on a global scale, the banks said. Users will be able to view Trade Information Exchange data in a variety of roles, including as an issuing bank, an advising bank, a remitting bank or a collecting bank. In addition, JP Morgan unveiled a number of enhancements to its Web-based, enterprise wide Horizon Risk Management Solution. The bank’s self-assessment and audit tool now features an offline, Excel-based capability, HorizonXL, that allows various lines of business in an organisation, as well as different companies in an industry, to submit data for instant analysis and tracking of actions taken to mitigate risk. A Treasury Readiness template also permits clients to review the readiness of their treasury operations in the event of a major contingency occurrence.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more